Global Macro

Cross-posted from The Conversation: The past century has been one of unprecedented global population growth.

Fed Chair Janet Yellen gave a very dovish speech in New York overnight, sending stocks, bonds and anything undollar blazing higher on a wave of delight as risk realised the Yellen (shot)Put is alive and well!

Cross-posted from The Conversation: Some say that economics is “the dismal science” and perhaps this is because many economic theories do not seem to work in practice.

European ISIS attacks have reignited the Mining GFC.

Some great stuff here from Bloomberg on why everyone, everywhere has turned angry:   Das Kapital anyone?

From the FT: Two explosions ripped through the check-in area at Brussels’ Zaventem airport, north-east of the EU’s capital and a few miles from Nato’s headquarters shortly before 8am.

By Leith van Onselen I have written previously how “rules-of-origin” (ROO) attached to so-called “free trade agreements” (FTAs) create negative efficiency impacts, which undermine the benefits of any deal: ROOs are designed to stop imports coming from third party (non-FTA) countries via an FTA partner, in order to circumvent tariff requirements.

Thanks Fed!

A couple of reports today add to our lengthening list of possible Mining GFC triggers via FTAlphaville.

The Fed has lost its first battle against the Mining GFC, last night pushing out rate hikes largely owing to risks in markets.

From Macquarie comes the news that there is life in the old dog yet: The world’s mines, utilities and factories increased their production by more in January 2016 than over the whole of 2015.

The Mining GFC is back as both the commodities bear market and central banks fail.

The Mining GFC was hosed Friday night as credit spreads tightened again.

It’s baaack.

Contrary to appearances, the Mining GFC is still simmering on the back-burner.